Hanseatic Management Services Inc. Buys New Shares in Affirm Holdings, Inc. (NASDAQ:AFRM)

Hanseatic Management Services Inc. purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,603 shares of the company’s stock, valued at approximately $65,000.

Other large investors have also recently added to or reduced their stakes in the company. Catalyst Private Wealth LLC increased its stake in shares of Affirm by 4.2% during the 3rd quarter. Catalyst Private Wealth LLC now owns 169,035 shares of the company’s stock worth $6,900,000 after purchasing an additional 6,794 shares during the last quarter. ASB Consultores LLC acquired a new position in Affirm during the third quarter worth approximately $264,000. Stephens Inc. AR acquired a new position in Affirm during the third quarter worth approximately $314,000. US Bancorp DE raised its stake in Affirm by 9.0% in the third quarter. US Bancorp DE now owns 17,065 shares of the company’s stock valued at $697,000 after buying an additional 1,410 shares during the period. Finally, Diversify Advisory Services LLC lifted its position in shares of Affirm by 17.5% in the third quarter. Diversify Advisory Services LLC now owns 107,379 shares of the company’s stock valued at $4,724,000 after buying an additional 15,993 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Up 9.6 %

Shares of NASDAQ AFRM opened at $50.00 on Thursday. Affirm Holdings, Inc. has a 12-month low of $20.20 and a 12-month high of $52.48. The firm has a market cap of $15.56 billion, a PE ratio of -29.76 and a beta of 3.47. The company’s fifty day simple moving average is $42.78 and its 200 day simple moving average is $34.65. The company has a quick ratio of 13.07, a current ratio of 13.07 and a debt-to-equity ratio of 2.41.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.31. The business had revenue of $659.19 million during the quarter, compared to analyst estimates of $599.50 million. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. As a group, sell-side analysts forecast that Affirm Holdings, Inc. will post -0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AFRM shares. BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price objective on Affirm from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Mizuho reaffirmed an “outperform” rating and set a $65.00 price target on shares of Affirm in a report on Tuesday, August 27th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Friday, September 6th. Finally, Susquehanna initiated coverage on Affirm in a research note on Friday, September 20th. They issued a “positive” rating and a $52.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $43.08.

Insider Activity at Affirm

In related news, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the transaction, the director now directly owns 141,903 shares in the company, valued at approximately $5,678,958.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Katherine Adkins sold 82,316 shares of Affirm stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $3,704,220.00. Following the sale, the insider now owns 91,499 shares of the company’s stock, valued at approximately $4,117,455. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the sale, the director now owns 141,903 shares in the company, valued at approximately $5,678,958.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,800 shares of company stock valued at $4,554,288 over the last 90 days. Insiders own 13.05% of the company’s stock.

Affirm Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.